How is my Financial Health, Doc?

There is no doubt we are facing a scenario that no one has ever seen before. The tumultuousness of the economy and markets at the hand of 1 person and his policies is unparalleled. 

Despite the uncertainty, a few silver linings are beginning to emerge. The future in Canada, in the US, and across the globe will be bright. We will all emerge stronger.

How do we prepare for today and the short-term pain? How do we prepare for tomorr...

It is now official and Trump has been inaugurated as the President of the USA. Even before he was inaugurated, he had an impact on the stock market. He will continue to have impact on the market over the next 4 years (and maybe even beyond). 

What does this mean for your portfolio?

What does this mean on how you save and/or invest?

Let's talk to Edan and get some insights.

To leave me comments or feedback, please email me at hmfh...

Many physicians I know have lots of great ideas and passion. Very few of us know how to convert these ideas and passion into reality. There are many explanations for this and I believe mindset is the major obstacle. Second is fear. Third is the lack of know-how. 

In this episode, we will have a fire-side chat with Dr. Mike Long who is himself a physician and an entrepreneur. Let's get inspired by Mike. I think we all "want to be ...

**** Disclosure*****

Myself (Vu Kiet Tran) and Mr. Jean-Pierre Laporte are co-founders of the Canadian Physicians' Pension Plan.

Over the last 2-3 years, several pension plans for physicians have come onto the Canadian market. Physicians are now more concerned with their retirement and financial wellness (and they should be), especially with the most recent announcement by the federal government that increased the inclusion rate ...

The Healthcare of Ontario Pension Plan (HOOPP) will welcome Ontario incorporated physicians on January 2nd, 2025.

For more than 60 years, HOOPP has been providing secure pensions to Ontario healthcare workers. With more than 460,000 members and 670 participating employers across the province, HOOPP’s membership continues to grow.   Physicians play an important role in Ontario’s healthcare sector, and HOOPP is pleased to announce t...

Many have heard of the terms "Infinite Banking", "Bank on Yourself", and "Be Your Own Bank". They are the same and describes a strategy using Whole Life insurance. What is it? What are the benefits? What are the drawbacks? Who can use this strategy? We will reveal all this in this episode.

The Code Green Financial Conference registration is now open at www.codegreenfinancial.com

Early Bird has been extended until Dec 31st, 2024.

...

Small business owners (which incorporated physicians are) can help their employees with health and medical bills via a Health Spending Account (HSA). It is a benefit that is tax deductible to the corporation. How can it be used? What are the indications? Who can use it? What can it be used for? Many of these questions will be answered in this episode.

To leave me comments or feedback, please email me at HMFHD2020@gmail.com.

To ...

Most of us are invested in the "market" in traditional assets such as stocks, ETFs, and bonds. Our investment portfolio ride the roller-coaster that is the market. Can we invest in assets that are not correlated to this roller-coaster? The answer is "yes". One way to diversify our investment portfolio is using Alternative Assets (also known as Private Equity). What are the pros, cons, caveats, and risks? We will address these quest...

Physicians have now been bombarded with advertisements about pensions "designed" for them. Unfortunately, much of the marketing are not 100% truthful. As consumers of these plans, physicians need to understand 100% of the solution because being 50% truthful (while still true) is not the same as being 100% truthful. Buyer beware. Physicians need to do do their own due diligence.

To leave me comments or feedback, email me at hmfhd2...

You have heard of the new Canadian federal budget that increased the Inclusion Rate on the Capital Gains tax. It finally went into effect on June 25th, 2024.

Physicians were given the right to incorporate their practices in lieu of a salary increase. Consequently, many physicians saved their money inside their corporation in the form of retained earnings and then invested it, as a way to save for retirement. Now, with the increase ...

Physicians have now been bombarded with advertisements about pensions "designed" for them. Unfortunately, much of the marketing are not 100% truthful. As consumers of these plans, physicians need to understand 100% of the solution because being 50% truthful (while still true) is not the same as being 100% truthful. Buyer beware. Physicians need to do do their own due diligence.

To leave me comments or feedback, email me at hmfhd2...

Physicians have now been bombarded with advertisements about pensions "designed" for them. Unfortunately, much of the marketing are not 100% truthful. As consumers of these plans, physicians need to understand 100% of the solution because being 50% truthful (while still true) is not the same as being 100% truthful. Buyer beware. Physicians need to do do their own due diligence.

To leave me comments or feedback, email me at hmfhd2...

In this episode, I am being interviewed by the David MacNicol, host of Lighthouse Outlook Podcast. We go into more private questions about me and how I came to create "How is my financial health, doc?". We also discuss the financial challenges of physicians and why this is so. I discuss the importance of financial wellness for healthcare professionals. I highlight the common mistakes made by medical professionals, such as neglectin...

I welcome my friend Dr. Roger Sen to share with us his most recent passion and joy, which has become an income source for him. Dr. Sen has learned a new skill. We all can learn a new skill. he has developed his passion. We can all develop and nurture our passion. Who knows, someday, it can even become an income source.

Let's learn a little bit about Technical Analysis and investing in the stock market.

If you want to reach out, p...

Physicians typically do not just wear one hat. Many of us tries to wear many hats at the same time (to our detriment). Don't worry, I do this too.

Some of us also wear the hat of a researcher (either big "R" or small "r").

However, most of us do not know we can be compensated by the government for the research we do. There is much money left on the table.

Here is an episode that deals with the SR&ED program.

Everyone shou...

Disability Insurance (DI) is one of those things in life that you do not think you need it until you really need it. And by then, you wished you had it. We will dive deep into the topic of DI with Saad Nadeem.

To leave me with feedback or comments, please email me at HMFHD2020@gmail.com

To learn more about the conference...

The Code Green Financial Literacy Conference.

Feb 2nd, 2024.

Novotel Hotel, North York, Ontario

Designed ...